2024 GEL to MWK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 GEL to MWK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the GEL to MWK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 652.9116. Conversely, the yearly low was recorded on June 15, dropping to 602.7013.
This high-to-low spread represents a total annual volatility of 50.2104 MWK. From a start-to-finish perspective, comparing the January average rate of 628.9381 to the December average rate of 615.9717, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 652.9116 was up 3.19% compared to the 2023 peak of 632.7019, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
GEL to MWK Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 633.6992, compared to 634.2451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5459 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 39.4025 MWK (High: 652.9116 / Low: 613.5091). On the other end, October was the most stable month, with a tight range of 7.1148 MWK (High: 638.8769 / Low: 631.7621).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 24.7550 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 639.8550) against the same month in 2023 (average: 403.3741), the exchange rate shifted by +236.4810 (+58.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 634.0366 | 623.2700 | 628.9381 |
| February | 638.7882 | 631.1445 | 634.6661 |
| March | 645.5556 | 615.9490 | 635.1906 |
| April | 652.9081 | 644.4415 | 648.4454 |
| May | 652.9116 | 613.5091 | 639.8550 |
| June | 625.4547 | 602.7013 | 615.1000 |
| July | 642.3421 | 618.9286 | 633.9603 |
| August | 646.8911 | 636.3338 | 642.5104 |
| September | 647.2382 | 634.3693 | 642.0178 |
| October | 638.8769 | 631.7621 | 636.3770 |
| November | 640.5108 | 615.3900 | 634.6336 |
| December | 620.0234 | 604.5682 | 615.9717 |